What happened to the owner of IT Cosmetics? She is recognized as the co-founder of IT Cosmetics and the first female chief executive officer of a L’Oréal brand in the company’s history. In 2016, Kern Lima sold IT Cosmetics to L’Oréal for $1.2 billion and has been included on the Forbes’ list of “America’s Richest Self-Made Women” since 2017.
She is recognized as the co-founder of IT Cosmetics and the first female chief executive officer of a L’Oréal brand in the company’s history. In 2016, Kern Lima sold IT Cosmetics to L’Oréal for $1.2 billion and has been included on the Forbes’ list of “America’s Richest Self-Made Women” since 2017.
Who is Jamie Kern Lima husband?
Paulo Lima
Jamie Kern Lima / Husband (m. 2007)
Is Jamie Kern Lima still with IT Cosmetics?
In 2019, she stepped down as IT Cosmetics CEO and recently published a memoir, “Believe It: How to Go from Underestimated to Unstoppable.” Here, Kern Lima talks to CNBC Make It about overcoming years of rejection, her “toolbox” for success and learning to take time for herself.
What happened to the owner of IT Cosmetics? – Related Questions
Was IT Cosmetics sold?
The makeup line expanded from there, and eight years later, L’Oreal bought IT Cosmetics for $1.2 billion in cash. Kern Lima pocketed roughly $410 million from the deal, according to Forbes, and for about three years she stayed on as CEO of IT Cosmetics, which made her the first female CEO in L’Oreal’s history.
Founder, Jamie Kern Lima, couldn’t find products that solved her beauty concerns, including sparse brows and redness, so she partnered with plastic surgeons and dermatologists to create them. Discover how IT Cosmetics has grown into the global brand it is today!
What does IT Cosmetics stand for?
2008: Humble Beginnings. It Cosmetics (which stands for Innovative Technology) started out of Kern Lima and her husband’s Studio City apartment.
Is Marissa from IT Cosmetics a man?
Skincare and makeup for men are exploding and Marissa Machado, a leading celebrity male groomer, shares her insights on this evolving industry.
Is IT Cosmetics the same as Loreal?
L’Oréal acquired IT Cosmetics in 2016 for US$1.2bn and since the takeover the brand has doubled in size to reach the #2 position in the US selective make-up category.
Did Jamie Kern Lima have a baby?
Jamie Kern Lima opens up about her road to surrogacy and the birth of her first child in an excerpt from her book Believe IT. My husband Paulo and I spent close to a decade trying to get pregnant.
Who is L Oreal owned by?
As of 31 December 2020: Breakdown of share ownership: 33.17% by the Bettencourt family, 23.20% by Nestlé, 29.6% by international institutional investors, 7.87% by French institutional investors, 4.59% by individual shareholders, 1.57% by employees.
